US Core CPI Rose 0.33% in September, Above Nearly All Forecasts
Core CPI rose from 0.29% in August, marking a second consecutive month of stronger-than-expected inflation. Timiraos said the report strengthens the case for another Fed rate increase this year, though officials have not indicated they would change plans based on one report.
29% in August. It was the second consecutive month of stronger-than-expected inflation. He said the report strengthens the case for another Federal Reserve rate increase this year. Fed officials unanimously voted to raise rates last month, and most had anticipated one further increase this year.
The release raises questions about whether officials can wait until December to act, after saying they do not expect to change rates at the meeting in two weeks, and how high policy rates may ultimately need to go. That assessment depends on whether rising energy costs and AI-driven investment pressures spread through the broader economy. Officials have not indicated they would change their plans in response to a single report.